The Only Thing That I Enjoy During This Buhari Regime Is MMM - Nigerians Reacts to Shutting Down Of MMM

Following the announcement of the National Assembly to shut down and investigate the activities of MMM in Nigeria, many Nigerians took to the social media to slam the NASS and express their views not to discontinue from participating in the scheme.

The lawmakers warned Nigerians about the risk involved in the business but a twitter user name Afeez Ishola said the greatest risk of his life is living in Nigeria.

Below are the tweets of many Nigerians

@nassnigeria did they know law, they are all there to embezzle our money not to protect the poor masses. Long life #mmmnigeria

ogundeji peter @folyfloxy85 #mmmnigeria I think it is high time we take this matter to court,to know weather its a crime to give and receive donation

Cossy ‏@cossyb @NigeriaInfoPH no thugs 2control during elections so d politicians are angry,MMM Nigeria is pays #MMM participants don't cry recession.#MMM

0 replies 0 retweets 0 likes

Afeez ishola ‏@skele4ishola22  #mmmnigeria the greatest risk in my life is living in Nigeria, I just accept my fate.

Cossy ‏@cossyb @NigeriaInfoPH #MMM Nigeria has helped lives n industries. The banks, network providers, individuals etc all are benefiting.

Ajaino Tony ‏@Vwonaco @MMMNigeriaHelp I will vote for MMM NIGERIA should it be registered as a political party in Nigeria.

MMM nigeria ‏@mmm__nigeria  Its war out here. Govt can't do anything Follow on IG @mmm__nigeria

Babatunde Akinola ‏@TundeAkinola77 Hey MMM Nigeria Help thanks for the follow!

Chukwuemeka Onwukwe ‏@jnrbaresi  @SpeakerDogara on promoters of mmm Nigeria, kindly confirm this news and also explain why you think it's the right move now

Chinny Ofiaeli ‏@Yujay_ So nig govt wants to shut down #mmmnigeria on account of fraud when the lawmakers themselves are the fraudsters #mindurbusiness

Afeez ishola ‏@skele4ishola22  #mmmnigeria the only thing that I enjoy during this buhari regime is MMM

Prof Of Flashback ‏@ikennaasomba13   You better advise them to start doing MMMNigeria. Unless, hunger will finish them before your man-Friday, @MBuhari exits in 2019!

sHeNI 25/18 ‏@SkinnyBleed After morning prayers on Tuesday and Thursday, MMM Nigeria website is next, lemme see how much I have in my 'available for withdrawal'4

Related Post: FG Set To Shut Down MMM Nigeria.

FG Set To Shut Down MMM Nigeria.

The House of Representatives on Wednesday called on law enforcement agencies to track down promoters of an investment scheme popularly known as ‘MMM.’

The lower chamber also mandated its committees on banking and currency and financial crimes to investigate the scheme.

The MMM is a deposit money scheme that promises a 30 per cent interest on investment per month.
Despite its popularity amongst Nigerians of all classes, critics maintain that the business is a Ponzi scheme because its operators use money from later investors to pay earlier investors.

Those behind the venture are not known to the Nigerian regulatory agencies, including the Central Bank and the Nigerian Deposit Insurance Corporation.

The business is also said not to have been registered with the Corporate Affairs Commission, making it difficult to identify its promoters.

Regulatory and anti-corruption agencies had earlier warned Nigerians against participating in the scheme.
But lawmakers said members of a syndicate who conduct seminars to train people on how to invest in the business should be arrested.

The development followed a motion of urgent national importance raised by Akinlade Fijabi from Oyo State, who described MMM as a ‘Rob Peter to Pay Paul Scheme’.

Mr. Fijabi said the operators of MMM are exploiting the economic situation of Nigerians that had left them desperate for income through any means without considering the implications.

Another lawmaker from Ondo State, Bode Ayorinde, said lawmakers should be concerned because they will likely be inundated with petitions if the scheme goes burst.

“When the business goes burst, it is the same House that people will flood with petitions,” Mr. Ayorinde said.
An Enugu lawmaker, Dennis Amadi, said the House should save Nigerians from themselves, because the collapse of MMM could make many commit suicide.

“The House will not wait until these crooks defraud Nigerians of billions of naira or until people start committing suicide,” Mr. Amadi said.

 Speaker Yakubu Dogara ruled that the motion was adopted and urged the committee to expedite its investigation and report back to House within four weeks.

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